When each country specializes according to its own comparative advantage, total world production is greater than it would be otherwise.

Name: When each country specializes according to its own comparative advantage, total world production is greater than it would be otherwise.
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Question

Quizplus · Accepted Answer

When countries specialize in producing goods where they have a comparative advantage, they can produce more efficiently, leading to an increase in total world production.

When Each Country Specializes According to Its Own Comparative Advantage